Different between

Corporate & Other Laws

Private , public , Government and small company explain in easy way

Siva subramaniam M

CA Inter

★ 105

19-Feb-23 14:23

499

Answers (3)

Best Answer

Private Company - restrictts transfer of shares, cannot issue shares to public. Public - MInimum 7 members. No restrictions as a private company Govt Company - Majority ownership with Government

CA Suraj Lakhotia

Admin

19-Feb-23 15:07

Private Companies: A company with 2-200 members, no public share issuance, less strict regulations. Public Companies: A company with 7 or more members, public share issuance, stricter regulations. Government Companies: A company with at least 51% government ownership, established to provide public services, subject to greater regulation and oversight. Small Companies: A company with paid-up capital < Rs. 50 lakhs and turnover < Rs. 2 crores, subject to lesser regulations.

shivaji hari

CA Inter

★ 3K+

19-Feb-23 15:07

Private Co: Min 2- Max 200 members; Cannot invite public subscription Public Co.: Min 7 - Max unlimited members; Can invite public subscription Govt. Co.: 51% or more of paid-up capital held by Govt. (either by Central Govt. / one or more State Govts. / partly by Central and partly by one or more State Govts.) Small Co.: Paid-up capital < 50 lakhs & Turnover < 2 crores.

Varshaa M

CA Final

★ 35K+

19-Feb-23 17:05